As of 9:22 am 11 November 2020, U.S. Treasury rates and Federal Funds rates are as follows:
Fed Funds Rate: 0.08%
Federal Reserve Target: 0.25%
Prime Rate: 3.25%
Major event in the United States:
Treasury announces tax deduction for pass-through entities
Last Monday, the U.S. Department of the Treasury announced rule changes that clarify that State and local income taxes imposed on and paid by a pass-through entity are allowed as a deduction by the pass-through entity in computing its non-separately stated taxable income or loss for the taxable year of payment.